What is the minimum balance to be maintained in Axis Bank?
Axis Bank Minimum Balance Requirements 2,500 to Rs. 1,00,000/-.
Yes. Axis Bank offers a Zero Balance Savings Account also called Basic Savings Account as part of the Pradhan Mantri Jan-Dhan Yojana Scheme. The account offers benefits such as free cash deposits, access to over 4000 Axis Bank branches and 14,000+ ATMs across India and Internet and Mobile banking services.
What is average monthly balance in Axis Bank?
Average Balance refers to the average amount to be maintained in your account, over a certain period. Depending on the scheme and branch category (Metro/Urban/Semi-Urban/Rural), there are 3 types of Balances, Average monthly balance (AMB), Average quarterly balance (AQB) and half-yearly average balance.
In case the balance is below the monthly average balance penalty is levied at 6 per cent of the shortfall or Rs. 500 whichever is lower.24-Aug-2022
What is Axis monthly service fee?
Account Service Fee (Urban) 7.5 per 100 of the shortfall from AMB requirement or 600 whichever is lower. Average Balance Required (Semi Urban) Average Monthly Balance (AMB) of Rs. 5,000.
Axis Bank Prime Salary Account - Charges Nil. However, if a 6-month-old salary account does not receive any credit via transfer, clearing, digital, or cash for two consecutive months, the Average Balance will be INR 100 per month. Daily Limit of ATM Withdrawal - INR 50,000, Daily Limit of POS transaction - INR 4 Lakh.08-Dec-2022
Which bank has no maintaining balance?
UnionBank Personal Savings Account This no-minimum-balance checking account may be opened in person at any UnionBank location, or via the bank's mobile app. You can manage your finances and make purchases whenever you choose, all via the same convenient app. It also has lesser transfer fees.27-Nov-2022
IndusInd Bank - Indus Online Savings Account Any Indian citizen above the age of 18 years is eligible to open this savings account with no minimum balance. Transfer funds for free via NEFT, IMPS, and RTGS. Avail of WhatsApp banking services and a free passbook, chequebook, and debit card.
What is free limit in Axis Bank?
Maximum Non-Home Branch Cash Deposit/withdrawal per day shall be 1 Lac.
Fees and Charges for Visa Classic/Platinum Debit Card
What is normal Savings Account in Axis Bank?
Axis Bank's Basic Savings Account brings you the best-in-class banking services, without the need for any minimum balance requirement. The benefits of the Basic Savings Account include free cash deposits, convenient banking with access to multiple branches & ATMs across India and Internet & Mobile Banking services.
The monthly average balance is the minimum amount of money that the account holder has to maintain in their current account or savings account. This is the least bank balance that you, as an account holder, need to have in your account each month to avoid being penalised by the bank.24-Nov-2022
What is minimum due axis?
Minimum amount due is 5% of your total amount that you can pay to avoid late payment charges on your card.
You cannot make any transactions through the account: Net-banking, phone banking, ATM transactions, cheque withdrawals are all barred. If you have an Axis Bank Savings Account, the bank will inform you three months in advance that your account is likely to go inoperative or dormant.29-Jan-2020
What happens if minimum balance is not maintained for 1 year?
You can be penalized for not keeping the minimum balance. There is no limit on the penal charges that a bank will charge for the non-maintenance of the minimum balance. The charges have to be approved by the bank's board. Charges will vary from bank to bank and from branch to branch as well.25-Feb-2022
Annual fees will be charged to the customers during the anniversary period.Fees and charges for Display Debit Card.
How do I avoid monthly maintenance fees?
You could waive the fee if you keep a minimum daily balance or an average daily balance over the course of the month. Some checking accounts let you waive the charge if you make a minimum number of purchases with your debit card each month. Others waive it if you make a certain amount in direct deposits.06-Oct-2022
Best Zero Balance Savings Account 2022
What is the minimum salary in Axis Bank?
Axis Bank Fresher Salary FAQs Average Axis Bank Fresher salary in India is ₹ 3.0 Lakhs for less than 1 year of experience to 4 years. Fresher salary at Axis Bank India ranges between ₹ 1.5 Lakhs to ₹ 5.0 Lakhs.
Following a job switch, a salary account automatically gets converted to a Savings account, if salary is not credited to the account for a period of 3 months.
What is the minimum balance for salary account?
zero balance account
What is the minimum balance to be maintained in Axis Bank?